Answered step by step
Verified Expert Solution
Question
1 Approved Answer
HW Ch.9 Saved Help Save & Exit Check 1 Assume that a company has two cost drivers-number of courses and number of students. The planned
HW Ch.9 Saved Help Save & Exit Check 1 Assume that a company has two cost drivers-number of courses and number of students. The planned number of courses and students were 5 and 100, respectively. The actual number of courses and students were 6 and 110, respectively. One of the company's expenses is influenced by both cost drivers and it has a fixed element as well. Its cost formulas are $51 per course, $7 per student, and $1,000 per period. The activity variance for this expense would be: 1 points Multiple Choice eBook Print References $121 F. $121 U. $185 F. ..........: $185 U. HW Ch.9 Saved Help Save & Exit Check 2 Assume that a company's planned level of activity was 3,500 units and its actual level of activity was 4,000 units. The spending variance for one of its mixed expenses was $900 favorable and its activity variance was $200 unfavorable. The planned and actual amounts of the fixed portion of this mixed expense were $10,000 and $9,300, respectively. What is the actual total amount of this mixed expense? 1 points Skipped Multiple Choice eBook Print References $11,200 $11,400 $10,700 $12,500 HW Ch.9 Saved Help 6 Assume that a company provided the following excerpts of information from its flexible budget performance report: 1 points Actual Results 55 $11,550 Flexible Budget ? $11,000 Planning Budget 50 $ ? Flights (9) Revenue (?) Skipped eBook What is the amount of the revenue in the planning budget? Print References Multiple Choice $11.000 $11,500 $10,000 $10,500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started